Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Investment analysts at Northcoast Research dropped their FY2017 earnings per share estimates for shares of Ritchie Bros. Auctioneers in a research report issued to clients and investors on Monday. Northcoast Research analyst J. Healy now anticipates that the company will post earnings per share of $1.15 for the year, down from their previous forecast of $1.20. Northcoast Research also issued estimates for Ritchie Bros. Auctioneers’ FY2018 earnings at $1.25 EPS.
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RBA has been the topic of several other research reports. TD Securities lowered their price objective on shares of Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a research report on Tuesday, October 10th. Scotiabank restated an “outperform” rating and set a C$42.50 price objective on shares of Ritchie Bros. Auctioneers in a research report on Friday, October 20th. Finally, Raymond James Financial, Inc. lowered their price objective on shares of Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$38.20.
Shares of Ritchie Bros. Auctioneers (TSE RBA) opened at C$31.93 on Tuesday. Ritchie Bros. Auctioneers has a 52-week low of C$30.63 and a 52-week high of C$52.88.
In other news, insider Sharon Driscoll acquired 1,375 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were purchased at an average price of C$36.17 per share, for a total transaction of C$49,733.75.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 29th will be given a $0.219 dividend. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, November 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.74%. Ritchie Bros. Auctioneers’s payout ratio is presently 87.18%.
Ritchie Bros. Auctioneers Company Profile
Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.
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